Jefferies Financial Group Issues Pessimistic Forecast for Workspace Group (LON:WKP) Stock Price

Workspace Group (LON:WKP) had its price target dropped by research analysts at Jefferies Financial Group from GBX 516 to GBX 490 in a research note issued on Thursday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 32.08% from the company’s current price.

Several other equities analysts also recently commented on the company. Peel Hunt reaffirmed a “buy” rating and issued a GBX 500 price objective on shares of Workspace Group in a research report on Thursday, October 16th. Berenberg Bank reiterated a “buy” rating and issued a GBX 403 price target on shares of Workspace Group in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 464.33.

Workspace Group Stock Down 2.6%

Shares of WKP traded down GBX 10 on Thursday, hitting GBX 371. 825,343 shares of the stock traded hands, compared to its average volume of 853,749. The company has a market capitalization of £713.27 million, a PE ratio of 132.50, a P/E/G ratio of 1.54 and a beta of 1.04. Workspace Group has a one year low of GBX 368 and a one year high of GBX 569. The company has a debt-to-equity ratio of 57.43, a quick ratio of 0.11 and a current ratio of 1.23. The business has a 50 day simple moving average of GBX 400.82 and a 200 day simple moving average of GBX 408.03.

Workspace Group (LON:WKP) last announced its earnings results on Wednesday, November 19th. The company reported GBX (37) earnings per share (EPS) for the quarter. Workspace Group had a negative net margin of 104.45% and a negative return on equity of 12.20%. As a group, equities analysts forecast that Workspace Group will post 36.7630058 earnings per share for the current fiscal year.

About Workspace Group

Workspace is London's leading owner and operator of flexible workspace, currently managing 4.7 million sq. ft. of sustainable space at 79 locations in London and the South East. We are home to some 4,000 of London's fastest growing and established brands from a diverse range of sectors. Our purpose, to give businesses the freedom to grow, is based on the belief that in the right space, teams can achieve more.